FORECAST OF BUSINESS PERFORMANCE FOR THE FIRST QUARTER 2019
Businesses confidence lessen in the first quarter of 2019. After showing an increase in the fourth quarter of 2018, the confidence indicator dropped to -2.2 per cent in the first quarter of 2019.
Industry, Construction and Wholesale & Retail Trade sectors expect their business situation to decline in the first quarter of 2019 with confidence indicators of -3.6 per cent, -18.9 per cent and -8.2 per cent, respectively. Meanwhile, Services sector expects their business situation to improve at a moderate rate with a smaller confidence indicator at +5.9 per cent as compared to +18.8 per cent recorded in the last quarter.
Expectations of Gross Revenue and Number of Employees
Overall, respondents expect gross revenue to increase in the first quarter of 2019 with a net balance of +11.8 per cent. A total of 30.4 per cent of the respondents anticipate that their gross revenue to increase while 51.0 per cent expected unchanged. In contrast, 18.6 per cent of the respondents foresee a decrease in gross revenue.
In terms of number of employees, the hiring trend remain positive in the first quarter of 2019, where a net balance recorded +3.5 per cent. A total of 8.5 per cent of the establishments intend to add their workforce, while 5.0 per cent of the establishments expect to reduce number of employees in the first quarter of 2019.
EXPECTATIONS OF BUSINESS PERFORMANCE IN JANUARY TILL JUNE 2019
Expectations of businesses turn less optimistic for the first half of 2019, with the overall net balance registered +0.6 per cent as against +12.3 per cent recorded in the previous survey result. Respondents in Industry and Services sectors expect positive business conditions for the period of January to June 2019, but lower at +0.5 per cent and +7.5 per cent, respectively. Meanwhile, Construction and Wholesale & Retail Trade sectors expect business situation to deteriorate with a net balance of -24.5 per cent and -6.4 per cent, respectively.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
28 February 2019
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]dosm.gov.my